The Global Market for Patch and Remediation Software is Forecast to Reach US$894.3 Million by 2022

Equal Focus Shed on Continuous Vulnerability Management and Non-Security Upgrades Drives the Global Patch and Remediation Software Market, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the Patch and Remediation Software market. The global market for Patch and Remediation Software is forecast to reach US$894.3 million by 2022, driven by the growing focus on both security and non-security patching of operating systems and applications against the backdrop of a dynamically changing IT environment where data is always in motion.   

Against the backdrop of an enterprise environment characterized by robust proliferation of low cost servers and numerous software deployments on each of the servers, the importance of maintaining, updating and securing software applications is growing in prominence. Lifecycle management of servers and their software applications is becoming increasingly complex and vital. Effective IT management requires systems and databases to be routinely updated and reconfigured to meet changing workload requirements and for ensuring  and for ensuring compliance with safety protocols. Defined as software in the form of executable files, patch and remediation software in this regard represents a vital component of software lifecycle management. Patching involves implementing incremental upgrades on a routine basis across the entire spectrum of IT stack including Operating Systems, Databases and Middleware. Feature updates and security updates are vital for software to keep working and maintain compatibility with current environment. In the current security space, the threat landscape continues to evolve with malicious software codes and viruses becoming more intelligent and sneakier and capable of adapting against legacy defenses, thus requiring companies to take on the challenge of constantly evolving vulnerabilities. Also, over the course of time, software obsolescence becomes a major cause for concern for enterprises which can be effectively managed by patches that can help software keep chugging and meet ever-changing and dynamic IT needs. Patching enables older applications and hardware to run in a new environment.

Keeping data secure and software patched is therefore one among the most prominent areas of IT management. Given the growing need among IT managers to reduce CAPEX and OPEX costs and eliminate unwanted expenditures associated with forced upgrades, there is increasing interest being shed on patch and remediation software for their ability to reduce the cost of IT, enhance security, and meet constantly changing IT needs with lowest level of time and resources. Demand is therefore strong for both software update patches and security update patches. The growth in the market is therefore poised to benefit from the increase in number of datacenters with heavy server loads and the resulting need for an agile software layer that enhances reliability, efficiency and effectiveness of IT operations and processes; regulatory pressure for security compliance on both large and small enterprises; growing demand for automated patch and remediation solutions; ever evolving threat landscape and the need for continues security upgrades; and growing trend of enterprise mobility/worker mobility/ and BYOD that requires continuous management of dynamically changing network provisioning needs.

As stated by the new market research report on Patch and Remediation Software, the United States represents the largest market worldwide. Asia-Pacific ranks as the fastest growing market with a CAGR of 6.9% over the analysis period, led by factors such as development of emerging Asian countries as the hub for IT services and technology; robust appetite for innovative IT technologies like cloud computing and Internet of Things; rapid proliferation of Internet technologies; robust growth of the enterprise sector; increasing dependence on digital technologies for economic growth and prosperity and rising awareness over the importance of building comprehensive information security programs that revolve around threat discovery, reporting, prioritization and response.

Major players in the market include Automox Technologies, Inc., Autonomic Software, Inc., CA Technologies, Inc., Comodo Group, Inc., Ecora Software Corporation, Flexera Software LLC, GFI Software, International Business Machines Corporation (IBM), Kaseya Limited, Landesk, Shavlik, LogMeIn, Inc., Lumension Security, Inc., Microsoft Corporation, SmiKar Software, SolarWinds Worldwide, LLC, Symantec Corporation, and ZOHO Corporation, among others

The research report titled “Patch and Remediation Software: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, mergers, acquisitions and other strategic industry activities of global companies.  The report provides market estimates and projections for all major geographic markets such as the USA, Canada, Japan, Europe (France, Germany, Italy, UK and Rest of Europe), Asia-Pacific, Latin America, and Rest of World.

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